Brown Advisory Inc. Raises Stake in Campbell Soup (CPB)

Brown Advisory Inc. lifted its position in Campbell Soup (NYSE:CPB) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 307,185 shares of the company’s stock after purchasing an additional 21,002 shares during the quarter. Brown Advisory Inc.’s holdings in Campbell Soup were worth $10,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. JOYN Advisors Inc. increased its holdings in shares of Campbell Soup by 99.5% in the fourth quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock worth $25,000 after purchasing an additional 382 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Campbell Soup in the third quarter worth about $33,000. Flagship Harbor Advisors LLC increased its holdings in shares of Campbell Soup by 49.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock worth $42,000 after purchasing an additional 425 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Campbell Soup by 64.9% in the fourth quarter. Bessemer Group Inc. now owns 1,563 shares of the company’s stock worth $51,000 after purchasing an additional 615 shares during the last quarter. Finally, Doyle Wealth Management bought a new stake in shares of Campbell Soup in the fourth quarter worth about $53,000. 51.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CPB opened at $35.64 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.37 and a debt-to-equity ratio of 6.26. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $44.47. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.36 and a beta of 0.42.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Campbell Soup had a positive return on equity of 55.51% and a negative net margin of 1.68%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. As a group, analysts predict that Campbell Soup will post 2.48 EPS for the current fiscal year.

Several brokerages have recently issued reports on CPB. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Bank of America set a $30.00 target price on Campbell Soup and gave the stock a “sell” rating in a report on Thursday, February 28th. Deutsche Bank reaffirmed a “hold” rating on shares of Campbell Soup in a report on Tuesday, November 27th. Credit Suisse Group set a $33.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Finally, Piper Jaffray Companies set a $37.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research note on Monday, November 26th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.08.

WARNING: “Brown Advisory Inc. Raises Stake in Campbell Soup (CPB)” was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2019/03/15/brown-advisory-inc-raises-stake-in-campbell-soup-cpb.html.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

Recommended Story: Why investors pay attention to retained earnings

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPB).

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.